Posts Tagged ‘Tax cut’

President Obama urges Congress to extend the payroll tax cut to prevent a tax hike on 160 million hardworking Americans.

Advertisements

Brian Beutler, senior congressional reporter for Talking Points Memo, breaks down the backlash against Speaker John Boehner and House Republicans who blocked the payroll tax cut compromise bill and speculates how their political misstep could prove beneficial to the Democrats. Beutler remarks, “I haven’t talked to a Republican on the Hill or a Republican aide on the Hill all week who thinks that there’s a path to victory for them in this political fight.”

Republicans continue to insist on protecting tax cuts for the wealthiest Americans, preventing Congress from reaching an agreement to further reduce our deficit.